...The ratings reflect Freeport-McMoRan Inc.'s (FCX) high-quality assets, offset by expectations of FFO adjusted leverage sustained above 3.0x. The Negative Outlook reflects the risk that negotiations with the government of Indonesia are prolonged, resulting in extended or repeated disruption of exports or a decline in production beyond 2021. Fitch Ratings expects the exports to continue given that the company is in active negotiations with the government....